Increasing adoption of AR and VR technologies, growing investment by
major players, and availability of low-cost HMDs are the major drivers
for the HMD market. Factors such as lack of standardization for HMD
design and limited battery life restrain the growth of the HMD market.

The market for enterprise and industry application is expected to grow
at the highest CAGR between 2017 and 2022. In the enterprise and
industry application, AR HMDs can be used for various purposes, such as
manufacturing space design, assembling processes, assessing the quality
of goods, warehouse picking, and training workers. Many companies are
using smart glasses in their warehouses and manufacturing plants.
Increasing interest of enterprises to adopt AR HMDs is expected to drive
the market for HMDs.

Virtual reality technology held the largest share of the HMD market in
2016. VR provides the user with an immersive experience, usually through
the help of a VR headset, such as Oculus Rift and Samsung Gear. The
increasing number of players entering into the market with offerings of
HMDs at low cost is one of the major reasons for the wide adoption of VR
headsets.

HMD market in APAC expected to grow at highest CAGR during forecast
period.